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Chinese (SSE) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies4990
  • 7D0.6%
  • 3M-5.1%
  • 1Y-15.5%
  • YTD-4.9%

The Information Technology sector gained 4.6% while the market remained flat over the last week. As for last year, the market is down 15%. As for the next few years, earnings are expected to grow by 23% per annum.

Market Valuation and Performance

Has the Chinese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024CN¥62.8tCN¥50.8tCN¥2.8t30.2x22.4x1.2x
Fri, 17 May 2024CN¥65.4tCN¥50.8tCN¥2.8t31.9x23.5x1.3x
Sun, 14 Apr 2024CN¥63.0tCN¥50.9tCN¥2.9t30.3x22x1.2x
Tue, 12 Mar 2024CN¥64.8tCN¥51.3tCN¥2.8t30.8x22.7x1.3x
Thu, 08 Feb 2024CN¥57.7tCN¥51.9tCN¥3.1t24.7x18.7x1.1x
Sat, 06 Jan 2024CN¥63.5tCN¥49.9tCN¥2.7t34.2x23.4x1.3x
Mon, 04 Dec 2023CN¥66.7tCN¥49.8tCN¥2.7t35.7x24.6x1.3x
Wed, 01 Nov 2023CN¥66.1tCN¥49.7tCN¥2.7t34.3x24.3x1.3x
Fri, 29 Sep 2023CN¥67.6tCN¥49.6tCN¥2.7t35.2x24.7x1.4x
Sun, 27 Aug 2023CN¥66.4tCN¥49.4tCN¥2.8t33.2x23.5x1.3x
Tue, 25 Jul 2023CN¥69.6tCN¥49.1tCN¥2.8t35.7x24.6x1.4x
Thu, 22 Jun 2023CN¥70.5tCN¥49.1tCN¥2.8t36.1x25.1x1.4x
Sat, 20 May 2023CN¥71.0tCN¥49.0tCN¥2.8t35.6x25.1x1.5x
Mon, 17 Apr 2023CN¥74.0tCN¥48.4tCN¥2.9t36.3x25.7x1.5x
Wed, 15 Mar 2023CN¥71.6tCN¥47.9tCN¥2.9t35.8x24.9x1.5x
Fri, 10 Feb 2023CN¥73.9tCN¥47.5tCN¥2.9t36.6x25.8x1.6x
Sun, 08 Jan 2023CN¥69.8tCN¥47.5tCN¥2.8t33.5x24.8x1.5x
Tue, 06 Dec 2022CN¥70.3tCN¥47.5tCN¥2.8t34.6x24.9x1.5x
Thu, 03 Nov 2022CN¥66.5tCN¥47.5tCN¥2.8t33.5x23.6x1.4x
Sat, 01 Oct 2022CN¥65.3tCN¥46.6tCN¥2.9t30x22.9x1.4x
Mon, 29 Aug 2022CN¥71.4tCN¥46.8tCN¥2.9t34.3x24.9x1.5x
Wed, 27 Jul 2022CN¥71.9tCN¥46.1tCN¥2.8t34.3x25.4x1.6x
Fri, 24 Jun 2022CN¥71.2tCN¥46.1tCN¥2.8t33.4x25.1x1.5x
Sun, 22 May 2022CN¥66.1tCN¥46.1tCN¥2.8t31x23.4x1.4x
Tue, 19 Apr 2022CN¥67.0tCN¥45.4tCN¥3.0t30.6x22.5x1.5x
Thu, 17 Mar 2022CN¥68.0tCN¥44.7tCN¥3.0t31.2x22.8x1.5x
Sat, 12 Feb 2022CN¥73.5tCN¥44.1tCN¥3.0t34.1x24.8x1.7x
Mon, 10 Jan 2022CN¥78.0tCN¥43.8tCN¥2.9t37.6x26.6x1.8x
Wed, 08 Dec 2021CN¥78.6tCN¥43.7tCN¥2.9t36.4x26.9x1.8x
Fri, 05 Nov 2021CN¥76.0tCN¥43.8tCN¥2.9t34.3x26x1.7x
Sun, 03 Oct 2021CN¥75.3tCN¥42.4tCN¥2.9t33.1x25.7x1.8x
Tue, 31 Aug 2021CN¥75.6tCN¥42.4tCN¥2.9t34.6x25.8x1.8x
Wed, 07 Jul 2021CN¥75.5tCN¥42.2tCN¥2.9t33.9x26x1.8x
Price to Earnings Ratio

26x


Total Market Cap: CN¥75.5tTotal Earnings: CN¥2.9tTotal Revenue: CN¥42.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Market Price to Earnings3Y Average 24.4x202220232024
Current Market PE
  • Investors are relatively neutral on the Chinese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 24.4x.
Past Earnings Growth
  • The earnings for Chinese listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 6.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Chinese Market?

CN Market0.55%
Tech4.61%
Industrials1.36%
Telecom1.10%
Consumer Discretionary0.99%
Financials0.39%
Energy-0.58%
Materials-0.93%
Utilities-1.33%
Healthcare-2.20%
Real Estate-2.62%
Consumer Staples-2.70%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 49.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.0% which is higher than its past year's earnings decline of 5.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
601138 Foxconn Industrial InternetCN¥28.6218.2%
+CN¥87.6b
10.0%PE25.7xTech
2475 Luxshare Precision IndustryCN¥37.9919.5%
+CN¥44.6b
20.3%PE23.9xTech
300308 Zhongji InnolightCN¥146.9123.4%
+CN¥30.6b
21.0%PE55xTech
601127 Seres GroupLtdCN¥100.3516.7%
+CN¥21.6b
148.2%PS2.6xConsumer Discretionary
2938 Avary Holding(Shenzhen)CoCN¥39.0025.9%
+CN¥18.5b
54.8%PE26.8xTech
See more
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Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Latest News

2475

CN¥37.99

Luxshare Precision Industry

7D

19.5%

1Y

20.3%

300308

CN¥146.91

Zhongji Innolight

7D

23.4%

1Y

21.0%

300502

CN¥115.20

Eoptolink Technology

7D

25.6%

1Y

44.0%

601138

CN¥28.62

Foxconn Industrial Internet

7D

18.2%

1Y

10.0%

2938

CN¥39.00

Avary Holding(Shenzhen)Co

7D

25.9%

1Y

54.8%

2463

CN¥38.50

Wus Printed Circuit (Kunshan)

7D

17.0%

1Y

71.1%

600519

CN¥1,521.50

Kweichow Moutai

7D

-3.0%

1Y

-12.7%

600837

CN¥9.12

Haitong Securities

7D

12.3%

1Y

-3.0%

601127

CN¥100.35

Seres GroupLtd

7D

16.7%

1Y

148.2%

2714

CN¥44.63

Muyuan Foods

7D

-5.2%

1Y

4.9%